financetom
Business
financetom
/
Business
/
Grown Rogue Subsidiary Begins Operations in New Jersey
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Grown Rogue Subsidiary Begins Operations in New Jersey
Aug 29, 2024 9:20 AM

08:05 AM EDT, 08/28/2024 (MT Newswires) -- Grown Rogue International ( GRUSF ) , a craft cannabis company, on Wednesday said subsidiary ABCO Garden State, a licensed cannabis cultivator in New Jersey, began Phase I operations.

Phase I includes about 8,000 sq ft of flowering canopy, as measured by bench space, that should produce 500 to 600 pounds of craft quality, whole flower per month. The first harvest is planned for November with sales following shortly thereafter, said CEO Obie Strickler.

Grown Rogue ( GRUSF ) owns 44% of ABCO, holds an option to acquire an additional 26% for US$720,000 and has the right to acquire all remaining equity at fair market value.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Krystal Biotech's Q2 Swings to Profit
Krystal Biotech's Q2 Swings to Profit
Aug 5, 2024
08:35 AM EDT, 08/05/2024 (MT Newswires) -- Krystal Biotech ( KRYS ) said Monday it swung to Q2 earnings of $0.53 per diluted share, from a loss of $1.25 per share a year earlier. Analysts polled by Capital IQ expected earnings of $0.59. Net revenue for the quarter ended June 30 was $70.3 million. The biotech company did not report...
Cheniere strikes 20 year LNG deal with Portugal's Galp Energia
Cheniere strikes 20 year LNG deal with Portugal's Galp Energia
Aug 5, 2024
Aug 5 (Reuters) - Cheniere Energy said on Monday it has agreed to supply 0.5 million tonnes per annum of liquefied natural gas to a subsidiary of Galp Energia for 20 years. Deliveries are expected to begin in the early 2030s, but are dependent on the approval for an additional liquefaction unit (Train Eight) for Cheniere's Sabine Pass Liquefaction Expansion...
American Water Works Unit Seeks Rate Increase in Hawaii
American Water Works Unit Seeks Rate Increase in Hawaii
Aug 5, 2024
08:39 AM EDT, 08/05/2024 (MT Newswires) -- American Water Works ( AWK ) said Monday that its Hawaii American Water unit has asked the Hawaii Public Utilities Commission to review its wastewater rates for a possible increase. The rate adjustment request for Hawaii American Water's Hawaii Kai, Mauna Lani and Waimea wastewater service customers reflects $41 million in local wastewater...
Byrna Technologies Launches $10 Million Share Buyback Program
Byrna Technologies Launches $10 Million Share Buyback Program
Aug 5, 2024
08:40 AM EDT, 08/05/2024 (MT Newswires) -- Byrna Technologies ( BYRN ) said Monday that its board of directors has approved a $10 million stock repurchase program over a 24-month period. The company said it intends to finance the program with its existing cash balance, including cash generated from operations. We believe that our shares are currently undervalued by the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved